Fluor shares surge as Aramco agreement appears to drive buying

Fluor Corporation (FLR) is up 16.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The sharp move higher appears to be tied to Fluor’s announcement that it was selected by Aramco under a long-term agreement tied to the Saudi energy company’s global capital projects portfolio. Investors likely viewed the award as a meaningful endorsement of Fluor’s project pipeline, long-term positioning in energy infrastructure, and ability to win large international work.

Details:

Fluor said it was chosen as a Program Management Consultancy contractor under a long-term agreement supporting Aramco’s global capital projects portfolio.

The agreement covers future work across pre-FEED, FEED, engineering, project management, procurement oversight, construction management, and program execution services.

The work scope spans upstream, downstream, petrochemical, and infrastructure developments, which suggests a broad opportunity set rather than a single project.

Fluor said it has operated in Saudi Arabia for more than 80 years and described the agreement as reinforcing its long-standing relationship with Aramco, which may have strengthened market confidence in future awards.

Sources:

Fluor, Benzinga, Fluor

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$FLR Insider Trading Activity

$FLR insiders have traded $FLR stock on the open market 12 times in the past 6 months. Of those trades, 0 have been purchases and 12 have been sales.

Here’s a breakdown of recent trading of $FLR stock by insiders over the last 6 months:

JOHN C REGAN (CHIEF FINANCIAL OFFICER) has made 0 purchases and 3 sales selling 28,762 shares for an estimated $1,504,061.
ALVIN C III COLLINS (GROUP PRESIDENT) sold 15,610 shares for an estimated $712,087
MARK E FIELDS (GROUP PRESIDENT) has made 0 purchases and 3 sales selling 5,178 shares for an estimated $271,113.
PIERRE EDWARD BECHELANY (Group President) sold 4,581 shares for an estimated $243,272
ANTHONY MORGAN (GROUP PRESIDENT) sold 3,387 shares for an estimated $179,805
MICHAEL E. ALEXANDER (GROUP PRESIDENT) sold 3,387 shares for an estimated $179,733
KEVIN B HAMMONDS (CHIEF LEGAL OFFICER) sold 2,988 shares for an estimated $157,208
TRACEY H COOK (Chief HR Officer) sold 2,589 shares for an estimated $137,783

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$FLR Hedge Fund Activity

We have seen 245 institutional investors add shares of $FLR stock to their portfolio, and 258 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

RUBRIC CAPITAL MANAGEMENT LP removed 4,143,808 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $193,308,643
AQR CAPITAL MANAGEMENT LLC removed 2,453,659 shares (-47.5%) from their portfolio in Q1 2026, for an estimated $114,463,192
STARBOARD VALUE LP removed 2,305,000 shares (-44.4%) from their portfolio in Q1 2026, for an estimated $107,528,250
BLACKROCK, INC. removed 1,852,042 shares (-8.8%) from their portfolio in Q2 2026, for an estimated $97,028,480
MAVERICK CAPITAL LTD added 1,415,557 shares (+inf%) to their portfolio in Q1 2026, for an estimated $66,035,734
POINT72 ASSET MANAGEMENT, L.P. added 1,359,389 shares (+21989.5%) to their portfolio in Q1 2026, for an estimated $63,415,496
FMR LLC removed 1,329,921 shares (-54.6%) from their portfolio in Q1 2026, for an estimated $62,040,814

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$FLR Government Contracts

We have seen $8,146,603,687 of award payments to $FLR over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

MANAGEMENT AND OPERATING CONTRACT FOR THE SAVANNAH RIVER SITE.: $3,448,572,327
NAVAL NUCLEAR LABORATORY: $2,275,028,025
MANAGEMENT AND OPERATION OF THE NAVAL NUCLEAR LABORATORY AND NAVAL NUCLEAR PROPULSION PROGRAM SUPPORT: $2,098,127,272
LOGISTICS CIVIL AUGMENTATION PROGRAM (LOGCAP) V SUPPORT SERVICES IN SUPPORT OF AFRICOM.: $105,980,001
PORTSMOUTH GASEOUS DIFFUSION PLANT DECONTAMINATION AND DECOMMISSIONING PROJECT: $39,263,493

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$FLR Price Targets

Multiple analysts have issued price targets for $FLR recently. We have seen 4 analysts offer price targets for $FLR in the last 6 months, with a median target of $58.0.

Here are some recent targets:

Jamie Cook from Truist Securities set a target price of $64.0 on 07/02/2026
Andrew Wittmann from Baird set a target price of $49.0 on 05/11/2026
Andrew Kaplowitz from Citigroup set a target price of $56.0 on 05/11/2026
Brent Thielman from DA Davidson set a target price of $60.0 on 02/19/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.